Astral Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2021
November 11, 2021 at 05:14 am EST
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Astral Limited reported earnings results for the second quarter and six months ended September 30, 2021. For the second quarter, the company reported sales was INR 11,541 million compared to INR 7,471 million a year ago. Revenue was INR 11,621 million compared to INR 7,554 million a year ago. Net income was INR 1,412 million compared to INR 867 million a year ago. Basic earnings per share from continuing operations was INR 7.03 compared to INR 4.32 a year ago. Diluted earnings per share from continuing operations was INR 7.03 compared to INR 4.32 a year ago.
For the six months, sales was INR 18,542 million compared to INR 11,510 million a year ago. Revenue was INR 18,665 million compared to INR 11,632 million a year ago. Net income was INR 2,151 million compared to INR 1,066 million a year ago. Basic earnings per share from continuing operations was INR 10.71 compared to INR 5.31 a year ago. Diluted earnings per share from continuing operations was INR 10.71 compared to INR 5.31 a year ago.
Astral Limited is an India-based pipe company. The Company is engaged in manufacturing plumbing and drainage systems in India. The Companyâs segments include Plumbing and Adhesives. The Plumbing segment includes pipes, water tank, faucets and sanitaryware. The Companyâs products include plumbing pipes & fittings, sewerage drainage pipes & fittings, agriculture pipes & fittings, water tanks, industrial pipes & fittings, cable protection, urban infrastructure, fire sprinklers pipes & fittings, ancillary products, solvent cement, insulation tube and specialty fittings. The plumbing pipes & Fittings products include Astral CPVC PRO, Astral Pex-a PRO, Astral Multi PRO, Astral Aquarius and Astral ECO PRO. The cable protection products include MultiRex, Wire Guard and TeleRex. Its pipes manufacturing units are: Santej, Gujarat; Dholka, Gujarat; Hosur, Tamil Nadu; Ghiloth, Rajasthan; Sangli, Maharashtra; Aurangabad, Maharashtra; Cuttack, Odisha, and Sitarganj, Uttarakhand.